PH Re-elected to UN Experts Group

NEW YORK 15 May 2018 – The Philippines has been reelected to the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) at elections.

The Department of Foreign Affairs said the Philippines was elected by acclamation during the Coordination and Management Meeting of the United Nations Economic and Social Council (ECOSOC) at the United Nations Headquarters in New York on 16 April 2018. 

The ISAR was established by the ECOSOC in 1982, to serve as UN’s focal point for accounting and reporting issues.

It is composed of 34 members and assists countries in implementing international best practices in corporate reporting and disclosure to facilitate investment flows and economic development. In the context of the 2030 Agenda for Sustainable Development and its Sustainable Development Goals, ISAR is at the forefront of international consensus-building in the area of corporate reporting and sustainability matters.

The DFA said the Philippines was last elected to ISAR in 2016 and its current term will end on 31 December 2018. With reelection to the body, the Philippines will again serve for a three-year term beginning on 1 January 2019 and ending on 31 December 2021.

Also elected by acclamation were Kenya, Nigeria, Kazakhstan, Kyrgyzstan, Albania, Belarus, Brazil and Colombia. END

For more information, visit www.newyorkpm.dfa.gov.ph/ www.un.int/philippines or https://www.facebook.com/PHMissionNY/